Retail Sales in Colombia

Colombia Retail Sales | Economic News & Forecasts

Colombia - Retail Sales

Available data suggests that the economy sustained a solid pace of expansion into the final quarter despite a sharp decline in oil prices. Retail sales grew robustly in October against a backdrop of weak inflation and falling unemployment, signaling stronger private consumption growth. Moreover, industrial production jumped in October and car sales also soared in the month. Survey-based data was less promising, however, with consumer confidence tumbling to a 20-month low in November and the manufacturing PMI declining throughout the quarter. On 19 December, the deeply-divided Congress passed a much watered-down tax reform bill. Most notably, the original revenue has been halved, thus forcing a freeze on COP 6.2 trillion spending in efforts to fund the COP 7.8 trillion 2019 budget without sacrificing its fiscal goals.

Colombia - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)4.7  8.4  6.4  2.0  -0.2  

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Colombia Retail Sales Chart


Colombia Retail
Note: Annual variation of real retail sales in %.
Source: Statistical Institute (DANE).

Colombia Facts

ValueChangeDate
Bond Yield6.800.0 %Jan 21
Exchange Rate3,127-0.17 %Jan 21
Stock Market11,674-0.66 %Jan 21

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